GOSS vs HTGC: Correlation
How closely do Gossamer Bio, Inc. (GOSS) and Hercules Capital, Inc. (HTGC) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOSS and HTGC?
Over the past 3 years, GOSS and HTGC moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 871.4 %².
Within GOSS's tracked universe of 11 assets, HTGC comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HTGC ahead by 94.5 points (-93.1% versus +1.4%). Risk is not evenly split, since GOSS carries 4.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GOSS vs HTGC: side by side
| GOSS (Gossamer Bio, Inc.) | HTGC (Hercules Capital, Inc.) | |
|---|---|---|
| 1-year return | -93.1% | +1.4% |
| 5-year return | -98.3% | +82.3% |
| Volatility (ann.) | 106.7% | 22.4% |
| Beta vs S&P 500 | 1.89 | 0.79 |
| Max drawdown (3Y) | -96.4% | -28.0% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | 8.7 |
| Dividend yield | 0.00% | 9.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOSS | HTGC |
|---|---|---|
| 2022 | -80.8% | -9.5% |
| 2023 | -57.9% | +42.9% |
| 2024 | -0.9% | +32.8% |
| 2025 | +242.5% | +3.5% |
| 2026 | -94.5% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOSS and HTGC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOSS and HTGC?
The GOSS/HTGC correlation stands at 0.36 on a 3-year window (1 year: 0.43, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is HTGC a good diversifier for GOSS?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/goss-vs-htgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goss-vs-htgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOSS correlations · HTGC correlations
